Economic Genius Joe Biden: US pays it's debt by borrowing more money.

[Nostra]

No Joe, you don't pay your debts by borrowing form one place to pay debts in another place.

This is what you get when you elect Democrats.

Biden Mocked For Bragging U.S. Pays Bills On Time By Increasing Debt: ‘An Oxymoron Without The Oxy’​

President Joe Biden, a Democrat, was widely mocked over the weekend after he posted a tweet in which he bragged about how the United States pays its bills on time by taking on more debt.

“The United States pays its debts when they are due,” Biden wrote in a tweet that also featured a video. “That’s why today, I signed a bill to fast-track the process to raise our debt limit.”

Biden Mocked For Bragging U.S. Pays Bills On Time By Increasing Debt: ‘An Oxymoron Without The Oxy’ | The Daily Wire

www.dailywire.com

 

[gulfman]

We'll go broke if we don't borrow enough money.

 

[excalibur]

Fact: The debt ceiling has nothing to do with debt service as the Feds take in an average of$330 billion in revenue a month and the debt service is an average of $41 billion a month.

 

[excalibur]

No Joe, you don't pay your debts by borrowing form one place to pay debts in another place.

This is what you get when you elect Democrats.

Biden Mocked For Bragging U.S. Pays Bills On Time By Increasing Debt: ‘An Oxymoron Without The Oxy’​

President Joe Biden, a Democrat, was widely mocked over the weekend after he posted a tweet in which he bragged about how the United States pays its bills on time by taking on more debt.

“The United States pays its debts when they are due,” Biden wrote in a tweet that also featured a video. “That’s why today, I signed a bill to fast-track the process to raise our debt limit.”

...

The MSM is all over this right now and will be on the Sunday shows as they attack Brandon.

Wait ...

 

[pknopp]

Whether said or not, that is what we have been doing for years.

 

[Hurricanelover]

We need to stop giving money to the third world and letting the third world come into our country. This would save us tens of billions of dollars or more yearly. Next we could deport all the illegals that are already here that cost us hundreds of billions of dollars...

 

[Darkwind]

We'll go broke if we don't borrow enough money.

We stay solvent by not spending as much.

BTW. The "we will default if we don't raise the debt ceiling" is the biggest lie ever told.

The income for the US Fed per month is much MORE than the interest payment on the debt.

 

[sparky]

Fact: The debt ceiling has nothing to do with debt service as the Feds take in an average of$330 billion in revenue a month and the debt service is an average of $41 billion a month.

so.....

now i wonder where the $289B per month is hiding???

~S~

 

[22lcidw]

Whether said or not, that is what we have been doing for years.

If our fiancial system was normal the Prime rate would be at least a few percentage points higher. The debt servicing would be massive. They are cheating. And someone somewhere has to pay for it.

 

[pknopp]

If our fiancial system was normal the Prime rate would be at least a few percentage points higher. The debt servicing would be massive. They are cheating. And someone somewhere has to pay for it.

When we can no longer get money for free that cost is going to be massive.

 

[Shawnee_b]